Finance

247 Bids: Revealing Cryptocurrency to the Auction World

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You have probably used cryptocurrency for one transaction or the other. Perhaps you have made online payments with it to pay for goods or services. 247Bids is now taking digital currency to the auction world.

The platform is dedicated to offering individuals who are interested in digital currencies an avenue of winning popular cryptocurrencies at a fraction of the market price!

One of their exciting auction formats is the Reveal Price Auction. Basically the way it works is the auction starts at the market value of the item being auctioned. Every time someone bids it will subtract a predetermined, and documented, amount from the price. If the bidder agrees to that price, they can purchase the auction right then! If they do not agree to the price, then the next bidder that reveals the price will now have the chance to buy it at a new lower price and so on until the reveal auction price has reached $1.

Here is step by step how it Reveal Price Auctions work:

  • Push the Show Price button.
  • The current price will be revealed.
  • Timer counts down from 15 seconds.
  • If the price appeals to you, press the Buy Now button.
  • If you do not like the price, do nothing.
  • Each time the Show Price button is pressed, the price drops.
  • Once the price appeals to you, press the Buy Now button.
  • You will be given 30 minutes to complete the purchase.
  • If the purchase is not completed, the auction will continue.

For more information about Reveal Price Auctions, including video tutorials, and to start your winning streak today, join https://247Bids.com

 

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